ETH Ethereum Impulse Upward is Running Out of Steam

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Looks like this was indeed a short squeeze due to shorts being at an all-time high. All the oscillators are indicating a reversal here. Depending on the Fibonacci retracement depth, we will determine if this is a technical retracement before the continuation of the upward movement ... or will we continue plummeting as we meet the long-term trend line of resistance,
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